Banking Litigation Notes

Court of Appeal dismisses US investment bank's success fee claim in connection with the public offer of shares in Indian bank

High Court dismisses claim to recover US investment bank's success fee in connection with the public offer of shares in Indian bank

Court of Appeal confirms no duty owed by professional to non-client recipient of advice

High Court finds no duty owed to investors by barrister advising scheme promoter

Redemption periods and liquidity mismatch in authorised open-ended property funds: regulatory update and litigation risks

Court of Appeal decision in Adams v Options: the meaning of “advice” and potential implications for financial product mis-selling claims

High Court considers First Tower judgment in the context of no-advice clauses and confirms UCTA does not apply

Redemption periods and liquidity mismatch in the investment funds market: the litigation risks

High Court strikes out claim against banks in their capacity as lenders to investors of a tax deferral scheme

The High Court has struck out claims brought by former investors in the Ingenious Media tax deferral schemes against lending banks who advanced sums to …

Worthing v Lloyds: High Court finds no continuing contractual duty to correct investment advice

"Topping up" of Ombudsman awards through the courts not allowed: Court of Appeal overturns High Court decision

The Court of Appeal has handed down an important judgment holding that complainants who had accepted a Financial Ombudsman Service ("FOS") determination …

Individual fails in large mis-selling claim concerning leveraged investments in structured notes

Basma Al Sulaiman v  (i) Credit Suisse Securities (Europe) Limited; and (ii) Plurimi Capital LLP [2013] EWHC 400 (Comm) In a strongly worded …